Norges Bank purchased a new position in Comfort Systems USA, Inc. (NYSE:FIX – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 395,289 shares of the construction company’s stock, valued at approximately $81,299,000. Norges Bank owned 1.11% of Comfort Systems USA at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Securian Asset Management Inc. bought a new stake in shares of Comfort Systems USA during the fourth quarter valued at approximately $620,000. Navellier & Associates Inc. raised its position in Comfort Systems USA by 86.5% during the 4th quarter. Navellier & Associates Inc. now owns 4,065 shares of the construction company’s stock valued at $836,000 after purchasing an additional 1,885 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Comfort Systems USA by 28.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,371 shares of the construction company’s stock worth $282,000 after buying an additional 307 shares during the period. Baader Bank Aktiengesellschaft bought a new position in shares of Comfort Systems USA during the 4th quarter worth $353,000. Finally, Janney Montgomery Scott LLC increased its stake in shares of Comfort Systems USA by 89.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 3,704 shares of the construction company’s stock valued at $762,000 after buying an additional 1,753 shares during the period. Institutional investors own 96.51% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently weighed in on FIX. StockNews.com lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Saturday. UBS Group upped their price target on shares of Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Finally, DA Davidson lifted their price objective on shares of Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, February 28th.
View Our Latest Stock Report on Comfort Systems USA
Comfort Systems USA Price Performance
Shares of FIX stock opened at $342.32 on Friday. The stock’s 50-day moving average is $317.65 and its 200 day moving average is $257.18. Comfort Systems USA, Inc. has a 1-year low of $144.45 and a 1-year high of $352.45. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.96 and a quick ratio of 0.92. The company has a market cap of $12.23 billion, a P/E ratio of 33.89 and a beta of 1.20.
Comfort Systems USA (NYSE:FIX – Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The construction company reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.43. Comfort Systems USA had a net margin of 6.51% and a return on equity of 28.65%. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the business earned $1.51 EPS. The company’s revenue was up 30.8% compared to the same quarter last year. Research analysts predict that Comfort Systems USA, Inc. will post 11.9 earnings per share for the current fiscal year.
Comfort Systems USA Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 13th were issued a $0.30 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 0.35%. The ex-dividend date was Friday, May 10th. Comfort Systems USA’s payout ratio is currently 11.88%.
Insider Transactions at Comfort Systems USA
In other news, CFO William George III sold 8,429 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $278.95, for a total value of $2,351,269.55. Following the completion of the sale, the chief financial officer now owns 62,471 shares of the company’s stock, valued at approximately $17,426,285.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Comfort Systems USA news, Director Vance W. Tang sold 988 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $343.00, for a total transaction of $338,884.00. Following the transaction, the director now owns 11,173 shares in the company, valued at approximately $3,832,339. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William George III sold 8,429 shares of Comfort Systems USA stock in a transaction on Monday, February 26th. The stock was sold at an average price of $278.95, for a total transaction of $2,351,269.55. Following the sale, the chief financial officer now owns 62,471 shares of the company’s stock, valued at $17,426,285.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,102 shares of company stock valued at $15,285,379. Corporate insiders own 1.80% of the company’s stock.
About Comfort Systems USA
Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.
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